Shym Etf Market Value
| SHYM Etf | 22.24 0.02 0.09% |
| Symbol | SHYM |
The market value of SHYM is measured differently than its book value, which is the value of SHYM that is recorded on the company's balance sheet. Investors also form their own opinion of SHYM's value that differs from its market value or its book value, called intrinsic value, which is SHYM's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SHYM's market value can be influenced by many factors that don't directly affect SHYM's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SHYM's value and its price as these two are different measures arrived at by different means. Investors typically determine if SHYM is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SHYM's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
SHYM 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to SHYM's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of SHYM.
| 10/09/2024 |
| 01/02/2026 |
If you would invest 0.00 in SHYM on October 9, 2024 and sell it all today you would earn a total of 0.00 from holding SHYM or generate 0.0% return on investment in SHYM over 450 days. SHYM is related to or competes with Simplify Exchange, Morgan Stanley, Alpha Architect, Nuveen ESG, BNY Mellon, Principal Active, and Alpskotak India. More
SHYM Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure SHYM's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess SHYM upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1208 | |||
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 0.5465 | |||
| Value At Risk | (0.18) | |||
| Potential Upside | 0.2266 |
SHYM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SHYM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SHYM's standard deviation. In reality, there are many statistical measures that can use SHYM historical prices to predict the future SHYM's volatility.| Risk Adjusted Performance | 0.0771 | |||
| Jensen Alpha | 0.0128 | |||
| Total Risk Alpha | 0.002 | |||
| Sortino Ratio | (0.36) | |||
| Treynor Ratio | (0.85) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SHYM's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SHYM Backtested Returns
As of now, SHYM Etf is very steady. SHYM owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the etf had a 0.17 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for SHYM, which you can use to evaluate the volatility of the etf. Please validate SHYM's Standard Deviation of 0.1265, risk adjusted performance of 0.0771, and Downside Deviation of 0.1208 to confirm if the risk estimate we provide is consistent with the expected return of 0.022%. The entity has a beta of -0.0141, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning SHYM are expected to decrease at a much lower rate. During the bear market, SHYM is likely to outperform the market.
Auto-correlation | -0.26 |
Weak reverse predictability
SHYM has weak reverse predictability. Overlapping area represents the amount of predictability between SHYM time series from 9th of October 2024 to 22nd of May 2025 and 22nd of May 2025 to 2nd of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SHYM price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current SHYM price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
SHYM lagged returns against current returns
Autocorrelation, which is SHYM etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting SHYM's etf expected returns. We can calculate the autocorrelation of SHYM returns to help us make a trade decision. For example, suppose you find that SHYM has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
SHYM regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If SHYM etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SHYM etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SHYM etf over time.
Current vs Lagged Prices |
| Timeline |
SHYM Lagged Returns
When evaluating SHYM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SHYM etf have on its future price. SHYM autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, SHYM autocorrelation shows the relationship between SHYM etf current value and its past values and can show if there is a momentum factor associated with investing in SHYM.
Regressed Prices |
| Timeline |
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SHYM technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.